Global X Gold Explorers ETF (NYSEARCA:GOEX – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 9,530 shares, a decrease of 41.7% from the September 30th total of 16,353 shares. Based on an average daily trading volume, of 3,149 shares, the short-interest ratio is presently 3.0 days. Approximately 0.7% of the company’s stock are short sold.
Hedge Funds Weigh In On Global X Gold Explorers ETF
A number of institutional investors and hedge funds have recently bought and sold shares of GOEX. International Assets Investment Management LLC grew its position in Global X Gold Explorers ETF by 55.6% in the first quarter. International Assets Investment Management LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 500 shares in the last quarter. Approach Retirement Advisors LLC purchased a new stake in shares of Global X Gold Explorers ETF during the third quarter valued at approximately $208,000. Kestra Advisory Services LLC lifted its position in shares of Global X Gold Explorers ETF by 201.8% during the first quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock worth $346,000 after purchasing an additional 2,732 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Global X Gold Explorers ETF by 13.5% during the first quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $480,000 after purchasing an additional 675 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Global X Gold Explorers ETF by 7.5% during the first quarter. NewEdge Advisors LLC now owns 147,094 shares of the company’s stock worth $12,449,000 after purchasing an additional 10,263 shares in the last quarter.
Global X Gold Explorers ETF Stock Performance
Shares of GOEX stock traded down $4.07 during trading hours on Friday, reaching $69.74. The company had a trading volume of 4,367 shares, compared to its average volume of 22,903. Global X Gold Explorers ETF has a twelve month low of $62.52 and a twelve month high of $110.19. The company has a market capitalization of $101.82 million, a P/E ratio of 20.37 and a beta of 0.89. The stock’s fifty day simple moving average is $85.24 and its 200 day simple moving average is $84.27.
Global X Gold Explorers ETF Company Profile
The Global X Gold Explorers ETF (GOEX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer. GOEX was launched on Nov 3, 2010 and is managed by Global X.
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